Bandhan Bank has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to float initial public offerings (IPO) to raise over Rs 2,500 crore. The equity shares are proposed to be listed on BSE and NSE.
The issue comprises fresh issue of up to 9,76,63,910 equity shares and an offer for sale of up to 1,40,50,780 shares by International Finance Corporation (IFC) and up to 75,65,804 shares by IFC FIG Investment Company.
Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, JM Financial Institutional Securities and J P Morgan India are the book-running lead managers to the issue.
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.
Company Name | CMP |
---|---|
HDFC Bank | 1572.15 |
ICICI Bank | 1121.10 |
Axis Bank | 1193.70 |
Indusind Bank | 1480.00 |
Kotak Mahindra Bank | 1715.25 |
View more.. |